In the News Today - May 16, 2019

May 16, 2019

“State AGs Protest ALI Consumer Contract Restatement”: A group of 23 state attorneys general sent a letter to the American Law Institute objecting to ALI’s controversial consumer contract restatement. (Reuters)

Litigation Funders Walk Through “Tools” They Use to Keep Recipients in Line: Likening litigation funding to windfalls won at casinos, a senior investment officer at a litigation funding firm in  New York penned a Bloomberg BNA piece discussing the “tools” and “provisions” funders use to “align” the interests of all parties involved, despite saying they exercise no control over the litigation. (Bloomberg BNA)